TeachMeFinance.com - explain debt
debt -- The total value of outstanding securities issued by the
federal government is referred to as federal debt or gross debt.
It has two components: debt held by the public (federal debt held
by nonfederal investors, including the Federal Reserve System) and debt
held by government accounts (federal debt held by federal government
trust funds, deposit insurance funds, and other federal accounts). Debt
subject to limit is federal debt that is subject to a statutory limit
on its issuance. The current limit applies to almost all gross debt, except
a small portion of the debt issued by the Department of the Treasury and
the small amount of debt issued by other federal agencies (primarily the
Tennessee Valley Authority and the Postal Service). Unavailable debt
is debt that is not available for redemption, or the amount of debt that
would remain outstanding even if surpluses were large enough to redeem
it. Such debt includes securities that have not yet matured (and will be
unavailable for repurchase) and nonmarketable securities, such as savings bonds .
Debt -- Amount owed to another that must be repaid.
debt -- money, services, goods or anything else of value that is owed by one person to another as the result of a previous agreement.
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